161 Belmont Avenue, Belmont, WA, 6104


Property Summary

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Type Residential Sale
Price $450,000
Suburb Belmont
Property Type House
Sold At 11/07/2018
Sold Price $450,000
Council Rates $1,327 per year
Water Rates $1,029 per year

Property Tools

PRICE SLASHED R20/50/100 819sqm

Located only 650 metres from the upgraded Belmont Forum this property will suit the savvy investor or developer. It is extremely tired which allows an investor to "add value" and sit on this R20/50/100 site. There is only so many of these properties in the TC (Town Centre) and they are getting re-developed at a fast rate.Developers, this is good value as its land only value or may be less, bus route right out front and whether you build townhouses or apartments you can catch city glimpses.

This block has many re-development options, the sellers are looking for offers, they are highly motivated to sell being a past family home of theirs and the recent loss of their dad.

• Potential for 7-12 apartments dependent on configuration/rooms
• Potential for 3-4 townhouses
• Potential for 2 single level homes
• Potential to retain existing home and create a second block

Sold "as is" or with conditions dependent on negotiations.
It will be compliant to electrical RCD and Smoke Alarm laws.

Please note images of Belmont Forum are not taken from the property.

For a full set of images please email ross@welshrealestate.com.au

Make an Enquiry

Ross Kretschmar

Ross Kretschmar

P: 08 9270 7200

M: 0418907515

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